JAMB Commerce 2012 Objective — Question 24

Question 24 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.

A business organization that exploits the capabilities of a member to remedy the weaknesses of another is a

A. joint ventureCorrect
B. partnership
C. nominal partnership
D. cooperative

Explanation

The main reason that usually leads to formation of partnership business is the inability of one or two persons to run the business successfully. So, they need each other to compliment each other.

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